This is Garland Law Offices, P.A.'s Typepad Profile.
Join Typepad and start following Garland Law Offices, P.A.'s activity
Join Now!
Already a member? Sign In
Garland Law Offices, P.A.
Recent Activity
Image
“More beneficiaries, who are considered high earners, will be hit with steeper fees.” Here’s some unwelcome news: retirees with higher incomes who’ve been hit with premium surcharges for Medicare Part B and Part D may have another hit coming in 2018. That’s because the income thresholds for the highest surcharge... Continue reading
Posted 6 days ago at Garland Law Offices, P.A.
“There’s a lot for beneficiaries to consider when it comes to understanding and navigating the complicated tax implications of receiving an inheritance.” Receiving an inheritance may bring with it a mix of conflicting emotions, says WTOP, in its recent article titled “Inherited IRA rules that non-spouse beneficiaries need to know.”... Continue reading
Posted 7 days ago at Garland Law Offices, P.A.
Image
“If you own a business, you have hopefully established a buy-sell agreement, in case you or a co-owner voluntarily or involuntarily leaves the company.” The creation of a buy-sell agreement is just one component of a larger process. A buy-sell agreement shouldn’t be drafted and then tucked away for safekeeping—it... Continue reading
Posted Jul 12, 2017 at Garland Law Offices, P.A.
Image
“If you kick in a measly $20 a week to your retirement account, you'll end up with an extra $173,000 forty years later, if your investments grow an average 6% a year compounded quarterly.” A little extra belt-tightening on your part doesn’t necessitate any miracles from the market. Research shows... Continue reading
Posted Jul 11, 2017 at Garland Law Offices, P.A.
Image
“Please organize your enormous amount of papers, files and documents. Label what is important to keep, and toss the rest!” A major priority of the financial planning process is to create a seamless transition at your death. To that end, each of us should create an estate plan with a... Continue reading
Posted Jul 11, 2017 at Garland Law Offices, P.A.
Image
“Some of the hardest conversations you and your partner will have as you plan your wedding, are about finances.” While there are many things to worry about when your wedding approaches, a conversation about a pre-nup may be the most stressful. Who wants to talk about how you'll divide your... Continue reading
Posted Jun 30, 2017 at Garland Law Offices, P.A.
Image
“ABLE accounts allow tax-deferred saving, with contributions of $14,000 a year.” Parents of children with special needs can anticipate a seven-figure bill to cover the cost of lifetime care. It’s not impossible to come up with that cash, if families know how to plan. CNBC’s recent article, “It can take... Continue reading
Posted Jun 29, 2017 at Garland Law Offices, P.A.
“Sometimes, people attempt to make an estate plan without consulting legal and financial professionals.” We’re all looking for a deal. No one wants to pay retail. After all, that’s why there are so many big box hardware stores and YouTube videos that try to teach you how to do things... Continue reading
Posted Jun 28, 2017 at Garland Law Offices, P.A.
Image
“Getting married for a second time is fairly common. But the financial and estate planning issues that result from remarriage can be anything but.” When you are married a second time, the complications and challenges of blended families can really grow, says Forbes’ recent article, “Second Marriage and Estate Planning:... Continue reading
Posted Jun 27, 2017 at Garland Law Offices, P.A.
Image
“Estate planning is an essential part of an individual’s personal finances. This is true no matter how wealthy a person is.” Estate planning is a process in which a person details how their money and other assets should be managed during life and after their death. WMUR’s recent article, “Money... Continue reading
Posted Jun 27, 2017 at Garland Law Offices, P.A.
Image
“Working past retirement age can provide an added boost to your retirement savings, if you follow these steps.” There are some real benefits to working beyond "normal" retirement age. They include a bigger nest egg and more Social Security benefits. While remaining in the workforce later in life can add... Continue reading
Posted Jun 9, 2017 at Garland Law Offices, P.A.
Image
“For many people, their lives are entwined with technology. Their lives and experiences are recorded to cell phones, social media and their computers. It is this digital life that needs preservation after an untimely death.” Folks may consider how to handle their homes and other assets during estate planning, but... Continue reading
Posted Jun 8, 2017 at Garland Law Offices, P.A.
Image
“Why having two IRAs can be smart.” IRAs can be a terrific way to make the most of what you save for retirement. They also have some tax breaks that outweigh regular investing accounts. There's no restriction on the number of different IRAs you can have, and you can open... Continue reading
Posted Jun 7, 2017 at Garland Law Offices, P.A.
Image
“How to plan ahead for a special needs child.” There are parents who have special needs trusts for their autistic adult children. Many of these children with special needs are able to live on their own and hold down a job. Nonetheless, parents want to do more to provide for... Continue reading
Posted Jun 6, 2017 at Garland Law Offices, P.A.
Image
What happens when Garland Law Offices and Chelsea Senior Living join forces to provide a continuing education program? You get a wonderful evening aboard the River Belle complete with dinner, beautiful views, and an entertaining and informative presenter! We are so grateful to everyone who set sail with us. It... Continue reading
Posted Jun 5, 2017 at Garland Law Offices, P.A.
Image
“If you have children or are planning to have children, you are probably like most people and have never written down who should be their legal guardian, in case something tragic happens to you.” With the busy schedule of an active family, you probably never thought of what would happen... Continue reading
Posted Jun 5, 2017 at Garland Law Offices, P.A.
Image
“A new study shows the benefit of converting sooner for your loved ones.” The question of whether to convert a traditional IRA to a Roth, can become more complicated as we get older. However, if you plan to leave the IRA to an heir, paying the taxes to convert it... Continue reading
Posted May 26, 2017 at Garland Law Offices, P.A.
Image
“The rising cost of higher education is out-pacing inflation and families’ need to plan accordingly.” Higher education costs are out-pacing inflation by an average of 4%. From 2012 to 2017, tuition has risen by about 9% across the board. With these escalating expenses, some families are having a tough time... Continue reading
Posted May 25, 2017 at Garland Law Offices, P.A.
Image
“Estate planning is not only important in directing the way that a person’s money and property are handled after death, but it also provides valuable information to loved ones to help seniors in their final years.” Some people think that an estate plan is only needed by the wealthy. In... Continue reading
Posted May 24, 2017 at Garland Law Offices, P.A.
Image
“Estate planning, which is the process of planning who gets one’s assets after they die, can be a rather confusing, cumbersome process. Those annoyances are amplified, when it comes to dealing with bitcoin and other digital assets.” A recent article in Coin Journal, “The 7 Steps of Estate Planning for... Continue reading
Posted May 23, 2017 at Garland Law Offices, P.A.
Image
“If you want your nest egg to be robust when you're ready to retire, you have to take care of it now. That means careful investing and saving. You can't just go out there and wing it.” Nasdaq’s recent post, “5 Considerations to Help You Retire Wealthy,” offers five things... Continue reading
Posted May 22, 2017 at Garland Law Offices, P.A.
Image
“There are many “what ifs” to consider when giving your children or grandchildren an inheritance—from when and how to let them know they are receiving an inheritance, to protecting your gift from becoming the property of a future ex-spouse and another family altogether.” While you may have some pride knowing... Continue reading
Posted May 19, 2017 at Garland Law Offices, P.A.
Image
“Executors can be paid for their duties, but in this case, you could have a fight on your hands.” A father passes away and leaves everything to his two sons. The will designates that his best friend will serve as the executor. The will also states that the executor is... Continue reading
Posted May 18, 2017 at Garland Law Offices, P.A.
Image
“When an elderly parent passes away and leaves debt, their adult children may question if they're now on the hook for any unpaid bills.” It’s not uncommon for the adult daughter of a deceased father to discover that he had numerous credit cards and thousands of dollars in debts. Kiplinger’s... Continue reading
Posted May 17, 2017 at Garland Law Offices, P.A.
Image
“Perhaps you have been thinking about your estate planning, and you have worked hard and accumulated some assets. It is only natural that you would want to have a say in what happens to them once you die. One question that might come up is whether you need a will... Continue reading
Posted May 16, 2017 at Garland Law Offices, P.A.